Eurasia Mining (LON:EUA) Shares Down 14% – What’s Next?

Eurasia Mining Plc (LON:EUA)’s stock price was down 14% during trading on Tuesday . The company traded as low as GBX 3.96 ($0.05) and last traded at GBX 4 ($0.05). Approximately 9,225,595 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 14,679,306 shares. The stock had previously closed at GBX 4.65 ($0.06).

Eurasia Mining Price Performance

The company has a debt-to-equity ratio of 0.81, a current ratio of 2.80 and a quick ratio of 11.58. The firm has a market capitalization of £123.66 million, a price-to-earnings ratio of -83.80 and a beta of 0.90. The business’s fifty day simple moving average is GBX 3.81 and its 200 day simple moving average is GBX 4.13.

Eurasia Mining (LON:EUA) last posted its quarterly earnings results on Tuesday, September 30th. The mining company reported GBX 0.16 EPS for the quarter. Eurasia Mining had a negative net margin of 19.44% and a negative return on equity of 1.89%. On average, research analysts forecast that Eurasia Mining Plc will post 13.0005669 EPS for the current year.

About Eurasia Mining

Eurasia Mining Plc, a mining and mineral exploration company, engages in the exploration, development, and production of palladium, platinum, rhodium, iridium, copper, nickel, gold, and other minerals in Russia. The company's principal projects are the West Kytlim mine located in the Urals; and the Monchetundra project situated on the Kola Peninsula.